145‑10 Continuation of pre‑mining projec145‑10 Continuation of pre‑mining project interest

#### 145‑10 Continuation of pre‑mining project interest (1) The \*pre‑mining project interest (the new interest) that an \*entity (the new explorer) \*holds just after a \*pre‑mining project transfer is taken to be a continuation of the pre‑mining project interest (the original interest) an entity (the original explorer) held just before the transfer. > Note: This means, for example, that: (a) the pre‑mining project interest retains the history of when it started, and of the entities who have held the interest at various times; and (b) a choice made, under Division 85, of the valuation approach for the pre‑mining project interest continues to have effect. Meaning of pre‑mining project transfer (2) A pre‑mining project transfer happens if: (a) an \*arrangement that has the effect of transferring the whole of the interest comprising a \*pre‑mining project interest from one \*entity to a single other entity comes into force; and (b) the pre‑mining project interest the other entity starts to \*hold covers the same \*project area.